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You are considering an investment for which you require a 1 4 % return. The investment costs $ 6 1 , 9 0 0 and

You are considering an investment for which you require a 14% return. The investment costs $61,900 and will produce cash inflows of $26,515 for three years. Should you accept this project? Why or why not?
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Yes, because although the IRR is 12.51%, the NPV is positive
Yes, because although the IRR is 13.67%, the NPV is positive
No, because the IRR is 13.67% and the NPV is negative
No, because the IRR is 12.51% and the NPV is negative

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